| Rule Violation | Whether composition may be offered | Composition Amount which may be Offered by SGX-ST, where SGX-ST has Determined the Trading Member, Approved Executive Director and/or Trading Representative to be Liable | Mandatory minimum penalty imposable by the Disciplinary Committee | |||||||||
| Rule Chapter/Number | Brief Description of Rule | Trading Members (or Designated Market Maker, where applicable) | Approved Executive Directors | Trading Representatives (or Market Making Representative, where applicable) | ||||||||
| 1st Violation | 2nd Violation | 3rd Violation | 1st Violation | 2nd Violation | 3rd Violation | 1st Violation | 2nd Violation | 3rd Violation | ||||
| Chapter 7 — Trading Representative | ||||||||||||
| 7.5 | Obligations of a Trading Representative | |||||||||||
| 7.5.1 | Trading Representative to comply with the Rules and any Directives SGX-ST prescribes | [Unless otherwise specified in this Schedule] | ||||||||||
| Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. | ||
| 7.5.2 | Trading Representative to act for only 1 Trading Member. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. |
| 7.5.3 | Trading Representative to adhere to principles of good business practice. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. |
| 7.5.4 | Trading Representative to pay SGX-ST all fees, levies and charges. | Compoundable | $500 | $1,000 | $2,000 | $250 | $500 | $1,000 | $250 | $500 | $1,000 | N.A. |
| 7.5.5(1) | Trading Representative to maintain a register of securities in accordance with SFA. | Not Compoundable | Not Compoundable | $10,000 | ||||||||
| 7.5.5(2) | Trading Representative to produce the register for inspection if requested by SGX-ST | Not Compoundable | Not Compoundable | $10,000 | ||||||||
| 7.5.5(3) | Trading Representative to permit SGX-ST to take extracts of the register | Not Compoundable | Not Compoundable | $10,000 | ||||||||
| 7.5.6(1) | Trading Representative to give SGX-ST necessary notice before engaging in or holding substantial shareholdings in any other business that might potentially conflict with being a Trading Representative. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. |
| Trading Representative to ensure that his Trading Member agrees to the engagement or shareholding | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. | |
| 7.5.6(2) | Engagement or shareholding not to breach the law, Rules, Directives or any regulations. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. |
| 7.5.6(3) | Trading Representative to supply SGX-ST with information required regarding the engagement or acquisition of shareholding | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. |
| 7.5.6(4) | Trading Representative not to proceed with engagement or acquisition of shareholding if SGX-ST objects, or before expiration of period stipulated by SGX-ST. | Not Compoundable | Not Compoundable | $10,000 | ||||||||
| 7.5.6(5) | Trading Representative to end engagement or shareholding if required to do so by SGX-ST | Not Compoundable | Not Compoundable | $10,000 | ||||||||
| 7.5.7 | Trading Representative to inform SGX-ST in writing of any change in his/her contact details. | Compoundable | $500 | $1,000 | $2,000 | $250 | $500 | $1,000 | $250 | $500 | $1,000 | N.A. |
| 7.6 | Remisier's Deposit | |||||||||||
| 7.6.1 | Remisier to give a deposit of at least $30,000 to TM. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. |
Added on 16 May 201116 May 2011.